What Type of Transactions Do Most International Trade Involve

question 2

Multiple Choice

What type of transactions do most international trade involve?

• A)cash
• B)cheques
• C)credit
• D)IOUs
• E)virtual banking accounts

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Definitions:

Cognitive Dissonance

A theory which suggests that people experience psychological discomfort or stress when they hold two or more contradictory beliefs, ideas, or values at the same time.

Machiavellianism

A personality characteristic involving one’s willingness to do whatever it takes to get one’s own way.

Discord

A lack of agreement or harmony between people or things, often resulting in conflict or disorder.

Cognitive Component

A part of an attitude that encompasses the beliefs, thoughts, and attributes that we have about an object or situation.